UK | Freedom day to bolster recovery, but Covid rates a worry
The government’s announcement that most of the remaining Covid restrictions are likely to be removed on July 19 has bolstered our confidence in the strength of the UK’s recovery. We expect UK GDP to grow nearly 8% this year.
The link between Covid cases and hospitalisations appears to have weakened significantly. But with case numbers rising sharply and new variants still a potential threat, the UK cannot be complacent.
What you will learn:
- Our above-consensus GDP growth forecast
- Covid cases have risen sharply over the past month, but hospitalisations have remained low
- The emergence of the more transmissible Delta variant has caused Covid cases to rise sharply over the past month
UK: Housing market on course for a soft landing
The recent sharp fall in mortgage rates and continued strong growth in wages has significantly reduced the scale of the UK's housing affordability problem. Consequently, the risk of a steep correction in house prices is much lower than it appeared a few months ago. We also expect the recent steady pickup in housing market activity to continue.Find Out More
Global Industry: Energy transition will transform mining—promise and pitfalls
We expect that demand for energy transition-related critical minerals will grow significantly in the next decades even in the absence of rapid progress required to achieve net zero.Find Out More